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Tough year for Konami but better things are ahead, it insists

Ben Parfitt
Tough year for Konami but better things are ahead, it insists

Konami has reported annual declines to its net revenue, operating income and net income.

For the year ending March 31st 2013 net revenue fell 15 per cent to ¥225,995m, operating income fell 46.6 per cent to ¥21,875m and net income fell 42.8 per cent to ¥1,174m.

Konami’s digital entertainment business saw net revenue decrease 17.1 per cent to ¥116,366m.

The company is hopeful that depreciation of the Yen and a boost to the Japanese economy will lead to better things in the current financial year. It also believes that increased diversity of platforms in the games space is increasing business opportunities.

“Against such a backdrop, our belief is that we can increase the number of ‘outlets’ for the Konami Group’s game content by taking advantage of opportunities presented by the emergence of new devices and developing our business around game content,” the company told investors.

“We intend to develop ways of playing games that match the characteristics of each device.”

Both PES 2013 and Metal Gear Rising: Revengeance were said to have “sold steadily”. In the East its social gaming network Dragon Collection was also a star performer.

The company also promised more Metal Gear Solid details at E3 next month.

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Tags: konami , results , year , financial

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